FRANKLIN VALUEMARK FUNDS 777 Mariners Island Blvd. San Mateo, California 94404 Franklin/Templeton Distributors, Inc. 777 Mariners Island Blvd. San Mateo, California 94404 Re: Distribution Agreement Gentlemen: We, FRANKLIN VALUEMARK FUNDS (the "Trust")...Distribution Agreement • November 30th, 1998 • Franklin Valuemark Funds • California
